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RDSP: A Complex Pathway to Long-Term Security

  The Registered Disability Savings Plan (RDSP) is often described as one of Canada’s most powerful yet underutilized financial tools. Designed to help people with disabilities and their families save for the future, the RDSP comes with unique benefits that make its administrative hurdles worthwhile. At its core, the RDSP offers two major advantages: Government Grants and Bonds : Eligible contributions can be matched by the federal government through generous grants, and low-income beneficiaries may also qualify for bonds—even without personal contributions. Tax-Deferred Growth : Investments inside the RDSP grow tax-free until funds are withdrawn, allowing savings to compound over time. The paperwork, eligibility rules, and withdrawal restrictions can feel daunting. Families often face challenges navigating the application process, understanding contribution limits, and planning around complex withdrawal rules. Yet, for those who persist, the payoff is significant: thousands...
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CN Rail and CPKC Lock Out Workers Amid Labor Talks Deadlock

 


Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) have taken the drastic step of locking out workers, effectively shutting down Canada’s extensive freight rail network. The move comes after unsuccessful negotiations with the major labor union, Teamsters Canada. These negotiations have been ongoing since the expiration of contracts in December 2023.

The lockout has halted the movement of critical commodities such as grain, potash, and coal across the country. Here’s a timeline of the events leading up to this labor impasse:

  • December 31: Contracts covering locomotive engineers, conductors, and yard workers at CN and CPKC expire.
  • May 10: The Canadian government intervenes to delay a possible strike by railway workers.
  • May 23: Talks hit a deadlock, with predictions that a legal strike or lockout would not likely occur before mid-July.
  • August 22: CN and CPKC shut down their rail networks, affecting nearly 10,000 workers.

This unprecedented action underscores the severity of the labor dispute and its impact on Canada’s transportation infrastructure. As negotiations remain deadlocked, the ripple effects on the economy and supply chains are likely to be significant.

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